EDR and ExactBid Increase Access to Environmental Risk Data Via Partnership

MILFORD, Conn., March 24 /PRNewswire/ -- Environmental Data Resources, Inc.
(EDR), and ExactBid, Inc., announced an agreement today that enables EDR's
environmental risk data and solutions to be provided through ExactBid's
Real-estate Information Management System (RIMS). RIMS enables lending
institutions and others to manage real estate appraisals, environmental
studies and construction inspections. EDR and ExactBid's partnership will
provide users direct access to EDR's environmental risk management reports,
including EDR LoanCheck Plus, within the RIMS web-based solution.

"We are very pleased to be working with EDR, the leader in environmental risk
management information, to help our lender clients better manage their
appraisal and environmental due diligence workflow," said Ed Jones, president
of ExactBid. "This partnership will create additional efficiencies for our
existing and future clients."

EDR's comprehensive search of environmental records reveals current and
historic environmental issues affecting properties, such as leaking
underground tanks, hazardous-waste spills, and Superfund sites. Understanding
the environmental status of any property helps lenders avoid unexpected risk,
reduce default rate and comply with regulatory requirements.

"Over the long term, and in particular during this business climate, the trend
is toward more prudent risk management," said Derek Ezovski, managing director
of EDR. "While lenders continue to work with environmental firms to conduct
due diligence studies for large deals and those with obvious environmental
concerns, many of them conduct their own environmental due diligence that they
apply to smaller deals. EDR's partnership with RIMS will increase efficiency
for lenders who use EDR data as well as the RIMS management platform as part
of their property due diligence workflow."

Several lending institutions have already begun taking advantage of the
collaboration between EDR and ExactBid. "Ordering and uploading of EDR
Reports within the RIMS environment has allowed us to obtain and review a
comprehensive set of due diligence data for low-risk/lower-dollar loans," said
Stephen Richardson, vice president of environmental risk management at TD
Bank, NA. "As we place increasing reliance on electronically provided data
searches, the availability of various EDR provided reports within a
universally accessible RIMS file will provide greater efficiencies in our
environmental risk management process. Effective due diligence is always a
priority, and having easier, organized access to the information we need is a
big advantage and time saver."

About EDR:
Environmental Data Resources, Inc. is the leading provider of environmental
risk information services and related workflow applications in the United
States. As the innovator of the most comprehensive database of environmental
and historical land use information, the company provides reports,
subscription services and other solutions to help its customers assess and
manage environmental risk. EDR customers include commercial and residential
real estate professionals, environmental consultants, lenders, corporations,
attorneys and government agencies. Established in 1991, EDR is headquartered
in Milford, Connecticut with regional offices located throughout the United
States. EDR is wholly owned by DMG Information Inc., the business information
division of Daily Mail and General Trust, plc (DMGT). For more information,
visit http://edrnet.com/.

About ExactBid:
Incorporated in 2000, ExactBid provides Web-enabled procurement and workflow
management systems for the real estate due-diligence industry. The company's
flagship product is RIMS(TM), is a comprehensive appraisal/environmental
ordering and tracking system designed for lenders to manage their
due-diligence workflow. To learn more, visit http://www.exactbid.com or
http://www.rimscentral.com.

ExactBid and RIMS are trademarks and or service marks of ExactBid, Inc. All
rights reserved.
Media please contact:
Mike Belden
800-352-0050 ext. 317 | mbelden@edrnet.com

SOURCE Environmental Data Resources, Inc.

Mike Belden, Environmental Data Resources, Inc., 1-800-352-0050 ext. 317,
mbelden@edrnet.com